Dell lied to auditors

Hardware maker Dell has admitted lying to
auditors and will reduce more than four years' worth of earnings by up to $US150
million.

The troubled company also admitted that
it manipulated results to meet performance goals.

An internal investigation, which began in
August 2006 and evaluated more than five million documents, found there was
evidence that adjustments had been made in a bid to get the company looking as
if it was meeting targets.

Chairman and Chief Executive Michael Dell
said in a statement that he would fire, reassign, reprimand, and punish those
the investigation has identified as the problem makers.